AP automation can contribute to the success of an educational institution--finance professionals are the first in line working against fraud.

AP automation mitigates risk of fraud in higher ed


Finance professionals can contribute to the success of an educational institution and are often the first in line working against fraud

Key points:

  • AP automation safeguards payments and helps keep bank accounts safe from fraud
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The aftermath of the pandemic has shaken every industry category to the core, including the higher-ed sector. Not only have expenses skyrocketed and enrollments declined, but budget holders and finance staff members are asked to do more with fewer resources available to them. Without realizing it, many colleges and universities suffer from the shortcomings of manual, paper-based accounting processes, such as hidden costs, a significantly greater risk of fraud, and substantial inefficiencies.

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